Special Edition: IATF, ARISE IIP Study Trip and more
One month later...
It’s been a while, right?
In our last editions, we hinted that we might have fallen into the trap of “finishing the year strong” and that trap crept up on us and brought us here. Not only have we been occupied with ensuring our signed projects and agreements commence implementation in earnest, but we have also been away from the office on some crucial trips.
So today’s edition will be a bit different from usual. You will still get all the information you need on the Anambra State Investment Promotion and Protection Agency’s (ANSIPPA) activities and how you can key into the transformation agenda.
First, we return to November.
Last month, the Agency joined Mr. Governor in attending the 2023 Intra-Africa Trade Fair (IATF) in Cairo, Egypt organized by the African Export-Import Bank. There, we had the opportunity to catch up and finalize the details of the agreement signed at the Anambra Investment Summit. We also entered into a subsequent agreement with the bank, delineating their commitment to provide capital raise financial advisory services, amounting to an estimated $200 million for the development of critical projects like the Anambra Mixed-Use Industrial City, Anambra Export Emporium, and the Intra-City Rail Masterplan.
Afreximbank will also be advising the State Government on the establishment of a diaspora fund to raise $250 million as an alternative to fund key infrastructure projects currently underway in the State.
Still at the IATF2023, we met with ARISE Integrated Industrial Platform (ARISE IIP) where we discussed and agreed in principle to jointly develop the industrial park within the Anambra Industrial Mixed-Use City. ARISE IIP is a reputable firm with a track record in providing tailor-made solutions to identified industrial gaps in African countries. The company currently maintains an active presence in about 11 African countries.
Seizing the opportunity, we signed an agreement with ARISE IIP to further the discussion as a potential joint venture partner for the planning, design, promotion, development, and management of the Anambra Industrial City project.
As part of the agreement, last week, a delegation comprising Mark Okoye, the MD/CEO, of ANSIPPA, and the Commissioner for Industry, Christian Udechukwu embarked on a study tour to Togo and the Republic of Benin to visit the Arise IIP projects in these countries. We toured Plateforme Industrielle d’Adetikopé (PIA) -the industrial project between the Government of Togo and ARISE IIP, and GLO-DJIGBÉ INDUSTRIAL ZONE (GDIZ) ZÈ-BÉNIN a similar joint venture partnership project with the Government of Benin Republic.
This tour provided us with an in-depth understanding of ARISE IIP's expertise in designing, constructing, and managing industrial park projects. The plan is to replicate the successes of these projects in Anambra. The ARISE team is expected to visit Anambra during the coming week to conduct a feasibility study of the Anambra economic corridor.
To get a clearer picture, we have attached a report of our findings during this visit and a video link to one of the flagship projects we visited.
Back to the IATF.
What is better than signing two agreements? Signing THREE agreements!
People approached the IATF as a break from regular work but not the ANSIPPA team. The event promised us an opportunity to network and we milked it to the last drop. Here, we joined six (6) selected Nigerian State Governments to sign a framework agreement with Afreximbank and Access Bank for the establishment of a global concessionary infrastructure financing facility of up to N500,000,000,000 (five hundred billion naira).
The fund will act as an infrastructure investment targeted at transforming the selected States into manufacturing and logistics hubs with support for exports of finished and semi-finished products. This agreement provides the framework for further discussions for the State and its counterparts to tap into this facility. Conversations have now reached advanced stages. So, be excited.
As you can see, we’ve had an eventful month.
However, all that was outside the office. Back in Anambra, we have received some interesting proposals mostly around investors ready to plug into the Anambra Electricity Market. But we will provide all the details in subsequent editions. So if you haven’t, now would be a good time to subscribe.
Remember 2024, is the year for Changing Gears as captured in the Governor’s budget speech. Now, our transformation agenda begins!
Stay tuned!
For investment inquiries, partnerships, collaborations, etc., kindly contact us at ansippa@anambrastate.gov.ng
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Anambra to the world..The vision is real
Excellent report! a livable, prosperous and Smart Megacity is the dream. Anambra State is the investment destination 👌